Innovator and concept creator, Blockchains LLC recently took to its Twitter account to affirm that the speculations regarding their new endeavor is true. In particular, they announced that a blockchain-based city in Nevada is soon to be under construction and, just like any city, it will house basic needs, and essentials for health, businesses and education, as seen in the tweet right below.
All the speculation stops now! We are excited to announce that we are building the first smart city based on blockchain technology from the ground up. Complete with schools, businesses, renewable energy and homes. #blockchainsandbox pic.twitter.com/4i0I2dNxtS
— Blockchains LLC (@BlockchainsLLC) November 1, 2018
Hints about the city were first revealed by Blockchains LLC’s PR Director, Sarah Jones who shared that nearly 60,000 acres of land was purchased to “change the world”. The confirmation of the project, which will supposedly be based off of the Ethereum platform (preferred choice for the firm) comes after Blockchains LLC’s January purchase of 67,000 acres in Nevada, namely, the Tahoe-Reno Industrial Center (TRIC) – the largest industrial park in all of America. The firm has projected 2021 as being the year where nearly 1,000 employees will be hired as a starting point.
According to an application dubbed, “Original Filing: Public Utilities Commission of Nevada,” which was filed for telecommunications services and submitted on August 28, 2018, Blockchains LLC has the following promises to hold:
“Blockchains LLC proposed to provide local exchange and interchange services throughout the state of Nevada to business and residential customers. [They] will not own any switching or other facilities in Nevada but does utilize facilities and switches located in other portions of its operating territory.”
Also, the firm is said to be responsible for the resources needed to bring the blockchain city alive.